It is generally acknowledged that Piero Sraffa was one of the most
original and important economic theorists of the twentieth century.
The significance of Sraffa's contributions lies in the fact that he
elaborated an alternative to the marginalist theory of value and
distribution rooted in the analyses of the classical political
economists from Adam Smith to David Ricardo. This authoritative
collection explores Piero Sraffa's contributions to economics. The
volumes cover the discussions around Sraffa's criticism of the
Marshallian partial equilibrium method; his attack on Hayek's
monetary overinvestment theory of the business cycle; his edition
of Ricardo's works and correspondence and his clarification of the
analytical structure of the classical theory of value and
distribution; his reformulation of the classical theory; and the
role of his work in the debates about the theory of capital and
income distribution.
General
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